Bitcoin Trend Analytics May 17th – consolidate among bears

Bitcoin / TetherUS BINANCE:BTCUSDT

BitMidas

The 30k is pulling the price back the price multiple times. We’ll see more battles here between longs and shorts.

BTC is still consolidating in the downward channel – same as yesterday.

The consolidation range today is $32341.38 – $27038.98, centering $29781-$30047.

Both longs and shorts have rooms to operate, yet bears are still in dominance.

If you long, catch the profit swiftly. If shorts, don’t open too low.

Safe trading, frens.

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